# PTR: Annual Report to shareholders Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03145482 Publisher: asx Original announcement: 2026-09-29T07:12:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-29T16:07:15.325Z Atlas analysis updated: 2026-09-29T16:07:15.325Z - Company: PTR Minerals Ltd - Ticker: PTR - Exchange: ASX - Region: South Australia - Primary commodity: Titanium - Secondary commodities: None reported - Document categories: Drill results, Resource update, Metallurgy - Extracted: 2026-09-29 16:07:16 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary PTR Minerals Ltd announced a transformational year, highlighted by a maiden JORC-compliant Mineral Resource Estimate for its flagship Rosewood Titanium Project in South Australia, comprising 463Mt at 8.8% HM. This was complemented by positive metallurgical testwork confirming high recoveries of titanium minerals using conventional processing. The company also reported successful exploration results at new prospects and completed a $12 million capital raise to advance project development. Reasoning: PTR Minerals Ltd announced a transformational year, highlighted by a maiden JORC-compliant Mineral Resource Estimate for its flagship Rosewood Titanium Project, supported by positive metallurgical testwork confirming a conventional processing route and high recoveries, alongside successful exploration expanding the mineralized footprint and a capital raise to fund ongoing development. - Positive factor: Maiden Mineral Resource Estimate for flagship project - Positive factor: High-grade resource with significant contained heavy minerals - Positive factor: High Valuable Heavy Mineral \(VHM\) content - Positive factor: Strong Indicated classification in the MRE - Positive factor: Positive metallurgical testwork results with high recoveries - Positive factor: Conventional processing route confirmed - Positive factor: New exploration discoveries \(Echo, Duke, Nardoo\) extending mineralization - Positive factor: Successful capital raise providing funding for development - Positive factor: Low levels of deleterious elements in saprolite HM mineralization Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 90 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: The document explicitly states 'The delivery of the maiden Mineral Resource Estimate \(MRE\) for Rosewood was a major achievement.' Evidence · text > The delivery of the maiden Mineral Resource Estimate \(MRE\) for Rosewood was a major achievement. **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: The Mineral Resource Estimate is reported 'in accordance with the JORC Code, 2012 Edition'. Evidence · text > The Company reports a Mineral Resource estimate in accordance with the JORC Code, 2012 Edition **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The MRE states '57% classified as Indicated' for the overall resource and '89% is classified as Indicated' for Rosewood East. Evidence · text > 57% classified as Indicated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The MRE is reported in accordance with the JORC Code, 2012 Edition, which requires sign-off by a Competent Person. Evidence · text > The Company reports a Mineral Resource estimate in accordance with the JORC Code, 2012 Edition **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: Metallurgical testwork demonstrated 'recovering more than 91% of the HM'. Evidence · text > recovering more than 91% of the HM **Pilot Scale Complete** Polarity: positive Definition: Pilot or demonstration plant testing completed under continuous operation. Why it applies: A 'three-tonne bulk sample from Rosewood East was subsequently submitted to Mineral Technologies for further processing, flowsheet development, plant-design work and preliminary capital and operating-cost assessment', indicating advanced testwork beyond bench scale. Evidence · text > A second, representative three-tonne bulk sample from Rosewood East was subsequently submitted to Mineral Technologies for further processing, flowsheet development, plant-design work and preliminary capital and operating-cost assessment. **Free Milling** Polarity: positive Definition: Simple, clean ore amenable to standard processing without oxidation. Why it applies: The document states that 'Rosewood ore responds well to conventional wet separation techniques'. Evidence · text > Rosewood ore responds well to conventional wet separation techniques **Multi-Domain Tested** Polarity: positive Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed. Why it applies: A 'second, representative three-tonne bulk sample from Rosewood East' was used, implying variability testing. Evidence · text > A second, representative three-tonne bulk sample from Rosewood East was subsequently submitted to Mineral Technologies for further processing **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Drilling 'identified the Echo prospect, where mineralisation was defined over approximately 4.5km and remained open along an approximately 10km prospective trend'. Evidence · text > Drilling north-east of Rosewood identified the Echo prospect, where mineralisation was defined over approximately 4.5km and remained open along an approximately 10km prospective trend. **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: Drill intercepts are reported as downhole lengths \(e.g., '42m @ 11.9% HM from 0m'\) without explicit mention of true width or drill orientation relative to mineralization. Evidence · text > 42m @ 11.9% HM from 0m **Low Deleterious Elements** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: XRF assays from Duke and Nardoo prospects returned 'very low levels of deleterious elements Cr2O3 \(not detected \(nd\)\), V2O5 \(<0.2%\), SnO2 \(nd\), Th \(<5 ppm\) and U \(nd\)'. Evidence · text > XRF assays from the Duke prospect returned very low levels of deleterious elements Cr2O3 \(not detected \(nd\)\), V2O5 \(<0.2%\), SnO2 \(nd\), Th \(<5 ppm\) and U \(nd\). **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The MRE states '43% in the Inferred category' for the overall resource. Evidence · text > 43% in the Inferred category **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The resource estimates clearly state the cut-off grades used, such as '3% HM cut-off' and '5.5% HM cut-off'. Evidence · text > 3% HM cut-off **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("concentrate"\) **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: the document describes a gravity route \("gravity"\) ## Extracted facts Stored fact records: 90. Some facts used in scoring do not have a stored record. ## Drill Results (43) ### 25RW190 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-45) Rosewood East · heavy mineral #### Identity - Hole ID: 25RW190 - Project: Rosewood East - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 11.9 - Grade Unit: % - Intercept: 42 m - From: 0 m - To: 42 m - Intercept Depth: 0 m #### Classification - Program: resource - Sample Type: drill - Group ID: 25RW190:0-42 #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This drill intercept shows high-grade heavy mineral sands from surface over a significant width, contributing to the confidence in the Rosewood MRE. - Positive factor: High grade for heavy mineral sands - Positive factor: Significant intercept length - Positive factor: Shallow mineralization from surface - Positive factor: Underpins maiden MRE - Negative factor: Apparent width only Evidence · text > 42m @ 11.9% HM from 0m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25RW190 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-46) Rosewood East · heavy mineral #### Identity - Hole ID: 25RW190 - Project: Rosewood East - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 18 - Grade Unit: % - Intercept: 5 m - From: 6 m - To: 11 m - Intercept Depth: 0 m #### Classification - Program: resource - Sample Type: drill - Group ID: 25RW190:6-11 #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This very high-grade sub-interval within a broader intercept further enhances the quality of the heavy mineral sands mineralization at Rosewood. - Positive factor: Very high grade for heavy mineral sands - Positive factor: Significant sub-interval within broader mineralization - Positive factor: Underpins maiden MRE - Negative factor: Apparent width only Evidence · text > 5m @ 18.0% HM from 6m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25RW213 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-47) Rosewood East · heavy mineral #### Identity - Hole ID: 25RW213 - Project: Rosewood East - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 13 - Grade Unit: % - Intercept: 32 m - From: 10 m - To: 42 m - Intercept Depth: 10 m #### Classification - Program: resource - Sample Type: drill - Group ID: 25RW213:10-42 #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This drill intercept shows high-grade heavy mineral sands over a significant width, contributing to the confidence in the Rosewood MRE. - Positive factor: High grade for heavy mineral sands - Positive factor: Significant intercept length - Positive factor: Underpins maiden MRE - Negative factor: Apparent width only Evidence · text > 32m @ 13.0% HM from 10m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25RW213 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-48) Rosewood East · heavy mineral #### Identity - Hole ID: 25RW213 - Project: Rosewood East - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 27.7 - Grade Unit: % - Intercept: 4 m - From: 32 m - To: 36 m - Intercept Depth: 10 m #### Classification - Program: resource - Sample Type: drill - Group ID: 25RW213:32-36 #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This exceptionally high-grade sub-interval within a broader intercept further enhances the quality of the heavy mineral sands mineralization at Rosewood. - Positive factor: Exceptional grade for heavy mineral sands - Positive factor: Significant sub-interval within broader mineralization - Positive factor: Underpins maiden MRE - Negative factor: Apparent width only Evidence · text > 4m @ 27.7% HM from 32m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25RW214 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-49) Rosewood East · heavy mineral #### Identity - Hole ID: 25RW214 - Project: Rosewood East - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 15.7 - Grade Unit: % - Intercept: 33 m - From: 10 m - To: 43 m - Intercept Depth: 10 m #### Classification - Program: resource - Sample Type: drill - Group ID: 25RW214:10-43 #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This drill intercept shows high-grade heavy mineral sands over a significant width, contributing to the confidence in the Rosewood MRE. - Positive factor: High grade for heavy mineral sands - Positive factor: Significant intercept length - Positive factor: Underpins maiden MRE - Negative factor: Apparent width only Evidence · text > 33m @ 15.7% HM from 10m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25RW214 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-50) Rosewood East · heavy mineral #### Identity - Hole ID: 25RW214 - Project: Rosewood East - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 33.6 - Grade Unit: % - Intercept: 2 m - From: 13 m - To: 15 m - Intercept Depth: 10 m #### Classification - Program: resource - Sample Type: drill - Group ID: 25RW214:13-15 #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This exceptionally high-grade sub-interval within a broader intercept further enhances the quality of the heavy mineral sands mineralization at Rosewood. - Positive factor: Exceptional grade for heavy mineral sands - Positive factor: Significant sub-interval within broader mineralization - Positive factor: Underpins maiden MRE - Negative factor: Apparent width only Evidence · text > 2m @ 33.6% HM from 13m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25RW215 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-51) Rosewood East · heavy mineral #### Identity - Hole ID: 25RW215 - Project: Rosewood East - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 13.9 - Grade Unit: % - Intercept: 33 m - From: 12 m - To: 45 m - Intercept Depth: 12 m #### Classification - Program: resource - Sample Type: drill - Group ID: 25RW215:12-45 #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This drill intercept shows high-grade heavy mineral sands over a significant width, contributing to the confidence in the Rosewood MRE. - Positive factor: High grade for heavy mineral sands - Positive factor: Significant intercept length - Positive factor: Underpins maiden MRE - Negative factor: Apparent width only Evidence · text > 33m @ 13.9% HM from 12m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25RW215 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-52) Rosewood East · heavy mineral #### Identity - Hole ID: 25RW215 - Project: Rosewood East - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 21 - Grade Unit: % - Intercept: 9 m - From: 12 m - To: 21 m - Intercept Depth: 12 m #### Classification - Program: resource - Sample Type: drill - Group ID: 25RW215:12-21 #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This exceptionally high-grade sub-interval within a broader intercept further enhances the quality of the heavy mineral sands mineralization at Rosewood. - Positive factor: Exceptional grade for heavy mineral sands - Positive factor: Significant sub-interval within broader mineralization - Positive factor: Underpins maiden MRE - Negative factor: Apparent width only Evidence · text > 9m @ 21.0% HM from 12m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25RW218 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-53) Rosewood East · heavy mineral #### Identity - Hole ID: 25RW218 - Project: Rosewood East - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 13.4 - Grade Unit: % - Intercept: 32 m - From: 0 m - To: 32 m - Intercept Depth: 0 m #### Classification - Program: resource - Sample Type: drill - Group ID: 25RW218:0-32 #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This drill intercept shows high-grade heavy mineral sands from surface over a significant width, contributing to the confidence in the Rosewood MRE. - Positive factor: High grade for heavy mineral sands - Positive factor: Significant intercept length - Positive factor: Shallow mineralization from surface - Positive factor: Underpins maiden MRE - Negative factor: Apparent width only Evidence · text > 32m @ 13.4% HM from 0m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25RW218 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-54) Rosewood East · heavy mineral #### Identity - Hole ID: 25RW218 - Project: Rosewood East - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 23 - Grade Unit: % - Intercept: 4 m - From: 18 m - To: 22 m - Intercept Depth: 0 m #### Classification - Program: resource - Sample Type: drill - Group ID: 25RW218:18-22 #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This exceptionally high-grade sub-interval within a broader intercept further enhances the quality of the heavy mineral sands mineralization at Rosewood. - Positive factor: Exceptional grade for heavy mineral sands - Positive factor: Significant sub-interval within broader mineralization - Positive factor: Underpins maiden MRE - Negative factor: Apparent width only Evidence · text > 4m @ 23.0% HM from 18m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25RW220 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-55) Rosewood East · heavy mineral #### Identity - Hole ID: 25RW220 - Project: Rosewood East - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 14.2 - Grade Unit: % - Intercept: 28 m - From: 7 m - To: 35 m - Intercept Depth: 7 m #### Classification - Program: resource - Sample Type: drill - Group ID: 25RW220:7-35 #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This drill intercept shows high-grade heavy mineral sands over a significant width, contributing to the confidence in the Rosewood MRE. - Positive factor: High grade for heavy mineral sands - Positive factor: Significant intercept length - Positive factor: Underpins maiden MRE - Negative factor: Apparent width only Evidence · text > 28m @ 14.2% HM from 7m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25RW220 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-56) Rosewood East · heavy mineral #### Identity - Hole ID: 25RW220 - Project: Rosewood East - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 28.2 - Grade Unit: % - Intercept: 6 m - From: 23 m - To: 29 m - Intercept Depth: 7 m #### Classification - Program: resource - Sample Type: drill - Group ID: 25RW220:23-29 #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This exceptionally high-grade sub-interval within a broader intercept further enhances the quality of the heavy mineral sands mineralization at Rosewood. - Positive factor: Exceptional grade for heavy mineral sands - Positive factor: Significant sub-interval within broader mineralization - Positive factor: Underpins maiden MRE - Negative factor: Apparent width only Evidence · text > 6m @ 28.2% HM from 23m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25RW295 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-57) Rosewood East · heavy mineral #### Identity - Hole ID: 25RW295 - Project: Rosewood East - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 16 - Grade Unit: % - Intercept: 30 m - From: 12 m - To: 42 m - Intercept Depth: 12 m #### Classification - Program: resource - Sample Type: drill - Group ID: 25RW295:12-42 #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This drill intercept shows high-grade heavy mineral sands over a significant width, contributing to the confidence in the Rosewood MRE. - Positive factor: High grade for heavy mineral sands - Positive factor: Significant intercept length - Positive factor: Underpins maiden MRE - Negative factor: Apparent width only Evidence · text > 30m @ 16.0% HM from 12m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25RW295 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-58) Rosewood East · heavy mineral #### Identity - Hole ID: 25RW295 - Project: Rosewood East - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 19.8 - Grade Unit: % - Intercept: 7 m - From: 14 m - To: 21 m - Intercept Depth: 12 m #### Classification - Program: resource - Sample Type: drill - Group ID: 25RW295:14-21 #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This exceptionally high-grade sub-interval within a broader intercept further enhances the quality of the heavy mineral sands mineralization at Rosewood. - Positive factor: Exceptional grade for heavy mineral sands - Positive factor: Significant sub-interval within broader mineralization - Positive factor: Underpins maiden MRE - Negative factor: Apparent width only Evidence · text > 7m @ 19.8% HM from 14m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25RW164 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-59) Muckanippie · heavy mineral #### Identity - Hole ID: 25RW164 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 3.2 - Grade Unit: % - Intercept: 11 m - From: 6 m - To: 17 m - Intercept Depth: 6 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 25RW164:6-17 #### Location - Location: Echo Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This intercept at the new Echo Prospect indicates a new mineralized zone, demonstrating exploration success and potential for expansion. - Positive factor: New mineralized zone identified - Positive factor: Good intercept length - Positive factor: Open along strike - Negative factor: Apparent width only Evidence · text > 11m @ 3.2% HM from 6m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25RW164 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-60) Muckanippie · heavy mineral #### Identity - Hole ID: 25RW164 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 6.1 - Grade Unit: % - Intercept: 2 m - From: 11 m - To: 13 m - Intercept Depth: 6 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 25RW164:11-13 #### Location - Location: Echo Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This higher-grade sub-interval within the new Echo Prospect further supports the discovery of a new mineralized zone with potential for expansion. - Positive factor: New mineralized zone identified - Positive factor: Higher grade sub-interval - Positive factor: Open along strike - Negative factor: Apparent width only Evidence · text > 2m @ 6.1% HM from 11m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25RW152 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-61) Muckanippie · heavy mineral #### Identity - Hole ID: 25RW152 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 5.1 - Grade Unit: % - Intercept: 6 m - From: 10 m - To: 16 m - Intercept Depth: 10 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 25RW152:10-16 #### Location - Location: Echo Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This intercept at the new Echo Prospect indicates a new mineralized zone, demonstrating exploration success and potential for expansion. - Positive factor: New mineralized zone identified - Positive factor: Good grade for heavy mineral sands - Positive factor: Open along strike - Negative factor: Apparent width only Evidence · text > 6m @ 5.1% HM from 10m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25RW152 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-62) Muckanippie · heavy mineral #### Identity - Hole ID: 25RW152 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 7.1 - Grade Unit: % - Intercept: 3 m - From: 13 m - To: 16 m - Intercept Depth: 10 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 25RW152:13-16 #### Location - Location: Echo Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This higher-grade sub-interval within the new Echo Prospect further supports the discovery of a new mineralized zone with potential for expansion. - Positive factor: New mineralized zone identified - Positive factor: Higher grade sub-interval - Positive factor: Open along strike - Negative factor: Apparent width only Evidence · text > 3m @ 7.1% HM from 13m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25RW165 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-63) Muckanippie · heavy mineral #### Identity - Hole ID: 25RW165 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 3 - Grade Unit: % - Intercept: 9 m - From: 16 m - To: 25 m - Intercept Depth: 16 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 25RW165:16-25 #### Location - Location: Echo Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This intercept at the new Echo Prospect indicates a new mineralized zone, demonstrating exploration success and potential for expansion. - Positive factor: New mineralized zone identified - Positive factor: Good intercept length - Positive factor: Open along strike - Negative factor: Apparent width only Evidence · text > 9m @ 3.0% HM from 16m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25RW165 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-64) Muckanippie · heavy mineral #### Identity - Hole ID: 25RW165 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 5.3 - Grade Unit: % - Intercept: 2 m - From: 23 m - To: 25 m - Intercept Depth: 16 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 25RW165:23-25 #### Location - Location: Echo Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This higher-grade sub-interval within the new Echo Prospect further supports the discovery of a new mineralized zone with potential for expansion. - Positive factor: New mineralized zone identified - Positive factor: Higher grade sub-interval - Positive factor: Open along strike - Negative factor: Apparent width only Evidence · text > 2m @ 5.3% HM from 23m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25RW155 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-65) Muckanippie · heavy mineral #### Identity - Hole ID: 25RW155 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 3.2 - Grade Unit: % - Intercept: 7 m - From: 12 m - To: 19 m - Intercept Depth: 12 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 25RW155:12-19 #### Location - Location: Echo Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This intercept at the new Echo Prospect indicates a new mineralized zone, demonstrating exploration success and potential for expansion. - Positive factor: New mineralized zone identified - Positive factor: Good intercept length - Positive factor: Open along strike - Negative factor: Apparent width only Evidence · text > 7m @ 3.2% HM from 12m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25RW155 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-66) Muckanippie · heavy mineral #### Identity - Hole ID: 25RW155 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 6.1 - Grade Unit: % - Intercept: 1 m - From: 13 m - To: 14 m - Intercept Depth: 12 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 25RW155:13-14 #### Location - Location: Echo Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This higher-grade sub-interval within the new Echo Prospect further supports the discovery of a new mineralized zone with potential for expansion. - Positive factor: New mineralized zone identified - Positive factor: Higher grade sub-interval - Positive factor: Open along strike - Negative factor: Apparent width only Evidence · text > 1m @ 6.1% HM from 13m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25RW162 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-67) Muckanippie · heavy mineral #### Identity - Hole ID: 25RW162 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 4.5 - Grade Unit: % - Intercept: 3 m - From: 7 m - To: 10 m - Intercept Depth: 7 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 25RW162:7-10 #### Location - Location: Echo Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This intercept at the new Echo Prospect indicates a new mineralized zone, demonstrating exploration success and potential for expansion. - Positive factor: New mineralized zone identified - Positive factor: Good grade for heavy mineral sands - Positive factor: Open along strike - Negative factor: Apparent width only Evidence · text > 3m @ 4.5% HM from 7m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25RW162 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-68) Muckanippie · heavy mineral #### Identity - Hole ID: 25RW162 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 10.2 - Grade Unit: % - Intercept: 1 m - From: 9 m - To: 10 m - Intercept Depth: 7 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 25RW162:9-10 #### Location - Location: Echo Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This high-grade sub-interval within the new Echo Prospect further supports the discovery of a new mineralized zone with potential for expansion. - Positive factor: New mineralized zone identified - Positive factor: High grade sub-interval - Positive factor: Open along strike - Negative factor: Apparent width only Evidence · text > 1m @ 10.2% HM from 9m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25RW163 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-69) Muckanippie · heavy mineral #### Identity - Hole ID: 25RW163 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 3.5 - Grade Unit: % - Intercept: 6 m - From: 6 m - To: 12 m - Intercept Depth: 6 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 25RW163:6-12 #### Location - Location: Echo Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This intercept at the new Echo Prospect indicates a new mineralized zone, demonstrating exploration success and potential for expansion. - Positive factor: New mineralized zone identified - Positive factor: Good intercept length - Positive factor: Open along strike - Negative factor: Apparent width only Evidence · text > 6m @ 3.5% HM from 6m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25DK005 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-70) Muckanippie · heavy mineral #### Identity - Hole ID: 25DK005 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 39.3 - Grade Unit: % - Intercept: 60 m - From: 0 m - To: 60 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 25DK005:0-60 #### Location - Location: Duke Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This exceptional intercept at the Duke Prospect demonstrates a new style of high-grade heavy mineral sands mineralization from surface over a very significant width, indicating strong exploration success. - Positive factor: Exceptional grade for heavy mineral sands - Positive factor: Very significant intercept length - Positive factor: Shallow mineralization from surface - Positive factor: New style of high-grade mineralization - Negative factor: Apparent width only Evidence · text > 60m @ 39.3% HM from surface #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25DK005 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-71) Muckanippie · heavy mineral #### Identity - Hole ID: 25DK005 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 61.6 - Grade Unit: % - Intercept: 6 m - From: 25 m - To: 31 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 25DK005:25-31 #### Location - Location: Duke Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This exceptionally high-grade sub-interval further highlights the quality of the new style of heavy mineral sands mineralization at the Duke Prospect. - Positive factor: Exceptional grade for heavy mineral sands - Positive factor: Very high-grade sub-interval - Positive factor: New style of high-grade mineralization - Negative factor: Apparent width only Evidence · text > 6m @ 61.6% HM from 25m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 24DK001 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-72) Muckanippie · heavy mineral #### Identity - Hole ID: 24DK001 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 26.1 - Grade Unit: % - Intercept: 24 m - From: 0 m - To: 24 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 24DK001:0-24 #### Location - Location: Duke Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This exceptional intercept at the Duke Prospect demonstrates a new style of high-grade heavy mineral sands mineralization from surface over a significant width. - Positive factor: Exceptional grade for heavy mineral sands - Positive factor: Significant intercept length - Positive factor: Shallow mineralization from surface - Positive factor: New style of high-grade mineralization - Negative factor: Apparent width only Evidence · text > 24m @ 26.1% HM from surface #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25DK004 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-73) Muckanippie · heavy mineral #### Identity - Hole ID: 25DK004 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 21.5 - Grade Unit: % - Intercept: 31 m - From: 0 m - To: 31 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 25DK004:0-31 #### Location - Location: Duke Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This exceptional intercept at the Duke Prospect demonstrates a new style of high-grade heavy mineral sands mineralization from surface over a significant width. - Positive factor: Exceptional grade for heavy mineral sands - Positive factor: Significant intercept length - Positive factor: Shallow mineralization from surface - Positive factor: New style of high-grade mineralization - Negative factor: Apparent width only Evidence · text > 31m @ 21.5% HM from surface #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25DK007 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-74) Muckanippie · heavy mineral #### Identity - Hole ID: 25DK007 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 21 - Grade Unit: % - Intercept: 37 m - From: 0 m - To: 37 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 25DK007:0-37 #### Location - Location: Duke Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This exceptional intercept at the Duke Prospect demonstrates a new style of high-grade heavy mineral sands mineralization from surface over a significant width. - Positive factor: Exceptional grade for heavy mineral sands - Positive factor: Significant intercept length - Positive factor: Shallow mineralization from surface - Positive factor: New style of high-grade mineralization - Negative factor: Apparent width only Evidence · text > 37m @ 21.0% HM from surface #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 24DK002 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-75) Muckanippie · heavy mineral #### Identity - Hole ID: 24DK002 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 16.4 - Grade Unit: % - Intercept: 27 m - From: 0 m - To: 27 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 24DK002:0-27 #### Location - Location: Duke Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This high-grade intercept at the Duke Prospect demonstrates a new style of heavy mineral sands mineralization from surface over a significant width. - Positive factor: High grade for heavy mineral sands - Positive factor: Significant intercept length - Positive factor: Shallow mineralization from surface - Positive factor: New style of high-grade mineralization - Negative factor: Apparent width only Evidence · text > 27m @ 16.4% HM from surface #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 24DK003 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-76) Muckanippie · heavy mineral #### Identity - Hole ID: 24DK003 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 14.6 - Grade Unit: % - Intercept: 42 m - From: 0 m - To: 42 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 24DK003:0-42 #### Location - Location: Duke Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This high-grade intercept at the Duke Prospect demonstrates a new style of heavy mineral sands mineralization from surface over a very significant width. - Positive factor: High grade for heavy mineral sands - Positive factor: Very significant intercept length - Positive factor: Shallow mineralization from surface - Positive factor: New style of high-grade mineralization - Negative factor: Apparent width only Evidence · text > 42m @ 14.6% HM from surface #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 24DK003 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-77) Muckanippie · titanium dioxide #### Identity - Hole ID: 24DK003 - Project: Muckanippie - Commodity: titanium dioxide - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 34.4 - Grade Unit: % - Intercept: 41 m #### Classification - Program: exploration - Sample Type: drill #### Location - Location: Duke Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This exceptional TiO2 intercept at the Duke Prospect confirms high-quality titanium mineralization over a significant width, with very low deleterious elements. - Positive factor: Exceptional grade for titanium dioxide - Positive factor: Very significant intercept length - Positive factor: New style of high-grade mineralization - Positive factor: Low deleterious elements - Negative factor: Apparent width only - Negative factor: From/to depths not explicitly stated for TiO2 interval Evidence · text > 41m @ 34.4% TiO2 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 24DK003 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-78) Muckanippie · titanium dioxide #### Identity - Hole ID: 24DK003 - Project: Muckanippie - Commodity: titanium dioxide - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 59.6 - Grade Unit: % - Intercept: 9 m - From: 9 m - To: 18 m - Intercept Depth: 9 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 24DK003:9-18 #### Location - Location: Duke Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This exceptionally high-grade TiO2 sub-interval further highlights the quality of the new style of titanium mineralization at the Duke Prospect, with very low deleterious elements. - Positive factor: Exceptional grade for titanium dioxide - Positive factor: Very high-grade sub-interval - Positive factor: New style of high-grade mineralization - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 9m @ 59.6% TiO2 from 9m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25DK009 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-79) Muckanippie · heavy mineral #### Identity - Hole ID: 25DK009 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 30.9 - Grade Unit: % - Intercept: 9 m - From: 6 m - To: 15 m - Intercept Depth: 6 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 25DK009:6-15 #### Location - Location: Duke Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This exceptional intercept at the Duke Prospect demonstrates a new style of high-grade heavy mineral sands mineralization over a good width. - Positive factor: Exceptional grade for heavy mineral sands - Positive factor: Good intercept length - Positive factor: New style of high-grade mineralization - Negative factor: Apparent width only Evidence · text > 9m @ 30.9% HM from 6m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25ND011 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-80) Muckanippie · heavy mineral #### Identity - Hole ID: 25ND011 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 31.5 - Grade Unit: % - Intercept: 35 m - From: 18 m - To: 53 m - Intercept Depth: 18 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 25ND011:18-53 #### Location - Location: Nardoo Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This exceptional intercept at the Nardoo Prospect demonstrates a new style of high-grade heavy mineral sands mineralization over a significant width, indicating strong exploration success. - Positive factor: Exceptional grade for heavy mineral sands - Positive factor: Significant intercept length - Positive factor: New style of high-grade mineralization - Negative factor: Apparent width only Evidence · text > 35m @ 31.5% HM from 18m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 24ND002 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-81) Muckanippie · heavy mineral #### Identity - Hole ID: 24ND002 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 23.9 - Grade Unit: % - Intercept: 44 m - From: 1 m - To: 45 m - Intercept Depth: 1 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 24ND002:1-45 #### Location - Location: Nardoo Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This exceptional intercept at the Nardoo Prospect demonstrates a new style of high-grade heavy mineral sands mineralization over a very significant width from shallow depths. - Positive factor: Exceptional grade for heavy mineral sands - Positive factor: Very significant intercept length - Positive factor: Shallow mineralization - Positive factor: New style of high-grade mineralization - Negative factor: Apparent width only Evidence · text > 44m @ 23.9% HM from 1m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25ND022 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-82) Muckanippie · heavy mineral #### Identity - Hole ID: 25ND022 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 16.3 - Grade Unit: % - Intercept: 60 m - From: 0 m - To: 60 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 25ND022:0-60 #### Location - Location: Nardoo Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This high-grade intercept at the Nardoo Prospect demonstrates a new style of heavy mineral sands mineralization from surface over a very significant width. - Positive factor: High grade for heavy mineral sands - Positive factor: Very significant intercept length - Positive factor: Shallow mineralization from surface - Positive factor: New style of high-grade mineralization - Negative factor: Apparent width only Evidence · text > 60m @ 16.3% HM from surface #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25ND018 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-83) Muckanippie · heavy mineral #### Identity - Hole ID: 25ND018 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 25.7 - Grade Unit: % - Intercept: 36 m - From: 0 m - To: 36 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 25ND018:0-36 #### Location - Location: Nardoo Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This exceptional intercept at the Nardoo Prospect demonstrates a new style of high-grade heavy mineral sands mineralization from surface over a significant width. - Positive factor: Exceptional grade for heavy mineral sands - Positive factor: Significant intercept length - Positive factor: Shallow mineralization from surface - Positive factor: New style of high-grade mineralization - Negative factor: Apparent width only Evidence · text > 36m @ 25.7% HM from surface #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25ND019 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-84) Muckanippie · heavy mineral #### Identity - Hole ID: 25ND019 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 30.4 - Grade Unit: % - Intercept: 30 m - From: 0 m - To: 30 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 25ND019:0-30 #### Location - Location: Nardoo Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This exceptional intercept at the Nardoo Prospect demonstrates a new style of high-grade heavy mineral sands mineralization from surface over a significant width. - Positive factor: Exceptional grade for heavy mineral sands - Positive factor: Significant intercept length - Positive factor: Shallow mineralization from surface - Positive factor: New style of high-grade mineralization - Negative factor: Apparent width only Evidence · text > 30m @ 30.4% HM from surface #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 24ND003 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-85) Muckanippie · heavy mineral #### Identity - Hole ID: 24ND003 - Project: Muckanippie - Commodity: heavy mineral - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 29.4 - Grade Unit: % - Intercept: 44 m - From: 0 m - To: 44 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 24ND003:0-44 #### Location - Location: Nardoo Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This exceptional intercept at the Nardoo Prospect demonstrates a new style of high-grade heavy mineral sands mineralization from surface over a very significant width. - Positive factor: Exceptional grade for heavy mineral sands - Positive factor: Very significant intercept length - Positive factor: Shallow mineralization from surface - Positive factor: New style of high-grade mineralization - Negative factor: Apparent width only Evidence · text > 44m @ 29.4% HM from surface #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 24ND003 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-86) Muckanippie · titanium dioxide #### Identity - Hole ID: 24ND003 - Project: Muckanippie - Commodity: titanium dioxide - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 27.6 - Grade Unit: % - Intercept: 42 m - From: 2 m - To: 44 m - Intercept Depth: 2 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 24ND003:2-44 #### Location - Location: Nardoo Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This exceptional TiO2 intercept at the Nardoo Prospect confirms high-quality titanium mineralization over a significant width, with very low deleterious elements. - Positive factor: Exceptional grade for titanium dioxide - Positive factor: Very significant intercept length - Positive factor: New style of high-grade mineralization - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 42m @ 27.6% TiO2 from 2m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 24ND003 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-drill-facts-87) Muckanippie · titanium dioxide #### Identity - Hole ID: 24ND003 - Project: Muckanippie - Commodity: titanium dioxide - Region: australia\_sa - Reported Region: australia\_sa - Ticker: PTR #### Geometry - Grade: 37.6 - Grade Unit: % - Intercept: 15 m - From: 29 m - To: 44 m - Intercept Depth: 2 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 24ND003:29-44 #### Location - Location: Nardoo Prospect - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This exceptionally high-grade TiO2 sub-interval further highlights the quality of the new style of titanium mineralization at the Nardoo Prospect, with very low deleterious elements. - Positive factor: Exceptional grade for titanium dioxide - Positive factor: Very high-grade sub-interval - Positive factor: New style of high-grade mineralization - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 15m @ 37.6% TiO2 from 29m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## Resource Estimates (42) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-0) Rosewood · heavy mineral #### Identity - Project: Rosewood - Commodity: heavy mineral - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:50dcc248220b1aaf2eed - Deposit or zone: Rosewood East #### Resource Data - Category: indicated - Tonnes: 263000000 - Grade: 10.1 - Grade Unit: % - Contained Metal: 26.6 - Contained Unit: mt - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a significant portion of the maiden resource, classified as Indicated, with a high grade for heavy mineral sands, contributing strongly to the project's overall potential. - Positive factor: Maiden resource estimate - Positive factor: High grade for heavy mineral sands - Positive factor: Indicated category provides good confidence - Positive factor: JORC compliant Evidence · table > 10.1 Context: 263 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-1) Rosewood · rutile #### Identity - Project: Rosewood - Commodity: rutile - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:50dcc248220b1aaf2eed - Deposit or zone: Rosewood East #### Resource Data - Category: indicated - Tonnes: 263000000 - Grade: 3.9 - Grade Unit: % in HM - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The rutile content within the Indicated Rosewood East resource adds to the overall value proposition of the heavy mineral sands project. - Positive factor: Maiden resource estimate - Positive factor: Indicated category provides good confidence - Positive factor: Rutile is a valuable component of heavy mineral sands Evidence · table > 3.9 Context: 263 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-2) Rosewood · leucoxene #### Identity - Project: Rosewood - Commodity: leucoxene - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:50dcc248220b1aaf2eed - Deposit or zone: Rosewood East #### Resource Data - Category: indicated - Tonnes: 263000000 - Grade: 82 - Grade Unit: % in HM - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The leucoxene content within the Indicated Rosewood East resource further enhances the economic potential of the heavy mineral sands project. - Positive factor: Maiden resource estimate - Positive factor: Indicated category provides good confidence - Positive factor: Leucoxene is a valuable component of heavy mineral sands Evidence · table > 82 Context: 263 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-3) Rosewood · ilmenite #### Identity - Project: Rosewood - Commodity: ilmenite - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:50dcc248220b1aaf2eed - Deposit or zone: Rosewood East #### Resource Data - Category: indicated - Tonnes: 263000000 - Grade: 9 - Grade Unit: % in HM - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The ilmenite content within the Indicated Rosewood East resource contributes to the overall heavy mineral sands product suite. - Positive factor: Maiden resource estimate - Positive factor: Indicated category provides good confidence - Positive factor: Ilmenite is a valuable component of heavy mineral sands Evidence · table > 9 Context: 263 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-4) Rosewood · heavy mineral #### Identity - Project: Rosewood - Commodity: heavy mineral - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:5ece14a9987d7195cea8 - Deposit or zone: Rosewood East #### Resource Data - Category: inferred - Tonnes: 31000000 - Grade: 6.1 - Grade Unit: % - Contained Metal: 1.9 - Contained Unit: mt - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This Inferred portion of the Rosewood East resource adds to the overall tonnage, but with lower confidence than the Indicated category. - Positive factor: Maiden resource estimate - Positive factor: Good grade for heavy mineral sands - Positive factor: JORC compliant - Negative factor: Inferred category has lower geological confidence Evidence · table > 6.1 Context: 31 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-5) Rosewood · rutile #### Identity - Project: Rosewood - Commodity: rutile - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:5ece14a9987d7195cea8 - Deposit or zone: Rosewood East #### Resource Data - Category: inferred - Tonnes: 31000000 - Grade: 2.9 - Grade Unit: % in HM - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The rutile content in the Inferred Rosewood East resource contributes to the overall potential, but requires further drilling to upgrade confidence. - Positive factor: Maiden resource estimate - Positive factor: Rutile is a valuable component of heavy mineral sands - Negative factor: Inferred category has lower geological confidence Evidence · table > 2.9 Context: 31 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-6) Rosewood · leucoxene #### Identity - Project: Rosewood - Commodity: leucoxene - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:5ece14a9987d7195cea8 - Deposit or zone: Rosewood East #### Resource Data - Category: inferred - Tonnes: 31000000 - Grade: 68 - Grade Unit: % in HM - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The leucoxene content in the Inferred Rosewood East resource adds to the project's potential, but requires further drilling to upgrade confidence. - Positive factor: Maiden resource estimate - Positive factor: Leucoxene is a valuable component of heavy mineral sands - Negative factor: Inferred category has lower geological confidence Evidence · table > 68 Context: 31 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-7) Rosewood · ilmenite #### Identity - Project: Rosewood - Commodity: ilmenite - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:5ece14a9987d7195cea8 - Deposit or zone: Rosewood East #### Resource Data - Category: inferred - Tonnes: 31000000 - Grade: 21 - Grade Unit: % in HM - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The ilmenite content in the Inferred Rosewood East resource contributes to the overall heavy mineral sands product suite, but requires further drilling to upgrade confidence. - Positive factor: Maiden resource estimate - Positive factor: Ilmenite is a valuable component of heavy mineral sands - Negative factor: Inferred category has lower geological confidence Evidence · table > 21 Context: 31 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-8) Rosewood · heavy mineral #### Identity - Project: Rosewood - Commodity: heavy mineral - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:2ba1a3bdb2d204ba86b3 - Deposit or zone: Rosewood West #### Resource Data - Category: indicated - Tonnes: 1000000 - Grade: 4 - Grade Unit: % - Contained Metal: 0.05 - Contained Unit: mt - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This small Indicated portion of the Rosewood West resource adds to the overall resource, but with a lower grade than the main Rosewood East deposit. - Positive factor: Maiden resource estimate - Positive factor: Indicated category provides good confidence - Positive factor: JORC compliant - Negative factor: Lower grade compared to Rosewood East Evidence · table > 4.0 Context: 1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-9) Rosewood · rutile #### Identity - Project: Rosewood - Commodity: rutile - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:2ba1a3bdb2d204ba86b3 - Deposit or zone: Rosewood West #### Resource Data - Category: indicated - Tonnes: 1000000 - Grade: 2.6 - Grade Unit: % in HM - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The rutile content in the Indicated Rosewood West resource is lower than the main Rosewood East deposit, but still contributes to the overall heavy mineral sands. - Positive factor: Maiden resource estimate - Positive factor: Indicated category provides good confidence - Negative factor: Lower rutile content compared to Rosewood East Evidence · table > 2.6 Context: 1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-10) Rosewood · leucoxene #### Identity - Project: Rosewood - Commodity: leucoxene - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:2ba1a3bdb2d204ba86b3 - Deposit or zone: Rosewood West #### Resource Data - Category: indicated - Tonnes: 1000000 - Grade: 59 - Grade Unit: % in HM - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The leucoxene content in the Indicated Rosewood West resource is lower than the main Rosewood East deposit, but still contributes to the overall heavy mineral sands. - Positive factor: Maiden resource estimate - Positive factor: Indicated category provides good confidence - Negative factor: Lower leucoxene content compared to Rosewood East Evidence · table > 59 Context: 1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-11) Rosewood · ilmenite #### Identity - Project: Rosewood - Commodity: ilmenite - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:2ba1a3bdb2d204ba86b3 - Deposit or zone: Rosewood West #### Resource Data - Category: indicated - Tonnes: 1000000 - Grade: 32 - Grade Unit: % in HM - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The ilmenite content in the Indicated Rosewood West resource is higher than Rosewood East, offering a different product mix within the heavy mineral sands. - Positive factor: Maiden resource estimate - Positive factor: Indicated category provides good confidence - Positive factor: Higher ilmenite content compared to Rosewood East Evidence · table > 32 Context: 1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-12) Rosewood · heavy mineral #### Identity - Project: Rosewood - Commodity: heavy mineral - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:d4a6ab17f47563285fe8 - Deposit or zone: Rosewood West #### Resource Data - Category: inferred - Tonnes: 168000000 - Grade: 7.1 - Grade Unit: % - Contained Metal: 12 - Contained Unit: mt - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This large Inferred portion of the Rosewood West resource significantly adds to the overall tonnage, but requires further drilling to upgrade confidence. - Positive factor: Maiden resource estimate - Positive factor: Good grade for heavy mineral sands - Positive factor: JORC compliant - Negative factor: Inferred category has lower geological confidence Evidence · table > 7.1 Context: 168 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-13) Rosewood · rutile #### Identity - Project: Rosewood - Commodity: rutile - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:d4a6ab17f47563285fe8 - Deposit or zone: Rosewood West #### Resource Data - Category: inferred - Tonnes: 168000000 - Grade: 1.8 - Grade Unit: % in HM - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The rutile content in the Inferred Rosewood West resource contributes to the overall potential, but is lower than Rosewood East and requires further drilling to upgrade confidence. - Positive factor: Maiden resource estimate - Positive factor: Rutile is a valuable component of heavy mineral sands - Negative factor: Inferred category has lower geological confidence - Negative factor: Lower rutile content compared to Rosewood East Evidence · table > 1.8 Context: 168 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-14) Rosewood · leucoxene #### Identity - Project: Rosewood - Commodity: leucoxene - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:d4a6ab17f47563285fe8 - Deposit or zone: Rosewood West #### Resource Data - Category: inferred - Tonnes: 168000000 - Grade: 63 - Grade Unit: % in HM - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The leucoxene content in the Inferred Rosewood West resource adds to the project's potential, but is lower than Rosewood East and requires further drilling to upgrade confidence. - Positive factor: Maiden resource estimate - Positive factor: Leucoxene is a valuable component of heavy mineral sands - Negative factor: Inferred category has lower geological confidence - Negative factor: Lower leucoxene content compared to Rosewood East Evidence · table > 63 Context: 168 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-15) Rosewood · ilmenite #### Identity - Project: Rosewood - Commodity: ilmenite - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:d4a6ab17f47563285fe8 - Deposit or zone: Rosewood West #### Resource Data - Category: inferred - Tonnes: 168000000 - Grade: 23 - Grade Unit: % in HM - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The ilmenite content in the Inferred Rosewood West resource is higher than Rosewood East, offering a different product mix, but requires further drilling to upgrade confidence. - Positive factor: Maiden resource estimate - Positive factor: Ilmenite is a valuable component of heavy mineral sands - Positive factor: Higher ilmenite content compared to Rosewood East - Negative factor: Inferred category has lower geological confidence Evidence · table > 23 Context: 168 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-16) Rosewood · heavy mineral #### Identity - Project: Rosewood - Commodity: heavy mineral - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:76a65b7e75a886283958 - Deposit or zone: COMBINED #### Resource Data - Category: indicated - Tonnes: 264000000 - Grade: 10.1 - Grade Unit: % - Contained Metal: 26.7 - Contained Unit: mt - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This combined Indicated resource represents a substantial and high-confidence portion of the maiden MRE for the Rosewood project. - Positive factor: Maiden resource estimate - Positive factor: High grade for heavy mineral sands - Positive factor: Indicated category provides good confidence - Positive factor: JORC compliant Evidence · table > 10.1 Context: 264 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-17) Rosewood · rutile #### Identity - Project: Rosewood - Commodity: rutile - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:76a65b7e75a886283958 - Deposit or zone: COMBINED #### Resource Data - Category: indicated - Tonnes: 264000000 - Grade: 3.9 - Grade Unit: % in HM - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The combined Indicated rutile content contributes significantly to the overall value of the Rosewood heavy mineral sands project. - Positive factor: Maiden resource estimate - Positive factor: Indicated category provides good confidence - Positive factor: Rutile is a valuable component of heavy mineral sands Evidence · table > 3.9 Context: 264 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-18) Rosewood · leucoxene #### Identity - Project: Rosewood - Commodity: leucoxene - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:76a65b7e75a886283958 - Deposit or zone: COMBINED #### Resource Data - Category: indicated - Tonnes: 264000000 - Grade: 82 - Grade Unit: % in HM - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The combined Indicated leucoxene content further enhances the economic potential of the Rosewood heavy mineral sands project. - Positive factor: Maiden resource estimate - Positive factor: Indicated category provides good confidence - Positive factor: Leucoxene is a valuable component of heavy mineral sands Evidence · table > 82 Context: 264 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-19) Rosewood · ilmenite #### Identity - Project: Rosewood - Commodity: ilmenite - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:76a65b7e75a886283958 - Deposit or zone: COMBINED #### Resource Data - Category: indicated - Tonnes: 264000000 - Grade: 9 - Grade Unit: % in HM - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The combined Indicated ilmenite content contributes to the overall heavy mineral sands product suite from the Rosewood project. - Positive factor: Maiden resource estimate - Positive factor: Indicated category provides good confidence - Positive factor: Ilmenite is a valuable component of heavy mineral sands Evidence · table > 9 Context: 264 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-20) Rosewood · heavy mineral #### Identity - Project: Rosewood - Commodity: heavy mineral - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:417684d55d2035ea7450 - Deposit or zone: COMBINED #### Resource Data - Category: inferred - Tonnes: 199000000 - Grade: 7 - Grade Unit: % - Contained Metal: 13.9 - Contained Unit: mt - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This large combined Inferred resource adds significant tonnage to the maiden MRE, but requires further drilling to upgrade confidence. - Positive factor: Maiden resource estimate - Positive factor: Good grade for heavy mineral sands - Positive factor: JORC compliant - Negative factor: Inferred category has lower geological confidence Evidence · table > 7.0 Context: 199 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-21) Rosewood · rutile #### Identity - Project: Rosewood - Commodity: rutile - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:417684d55d2035ea7450 - Deposit or zone: COMBINED #### Resource Data - Category: inferred - Tonnes: 199000000 - Grade: 2 - Grade Unit: % in HM - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The combined Inferred rutile content contributes to the overall potential, but requires further drilling to upgrade confidence. - Positive factor: Maiden resource estimate - Positive factor: Rutile is a valuable component of heavy mineral sands - Negative factor: Inferred category has lower geological confidence Evidence · table > 2.0 Context: 199 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-22) Rosewood · leucoxene #### Identity - Project: Rosewood - Commodity: leucoxene - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:417684d55d2035ea7450 - Deposit or zone: COMBINED #### Resource Data - Category: inferred - Tonnes: 199000000 - Grade: 64 - Grade Unit: % in HM - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The combined Inferred leucoxene content adds to the project's potential, but requires further drilling to upgrade confidence. - Positive factor: Maiden resource estimate - Positive factor: Leucoxene is a valuable component of heavy mineral sands - Negative factor: Inferred category has lower geological confidence Evidence · table > 64 Context: 199 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-23) Rosewood · ilmenite #### Identity - Project: Rosewood - Commodity: ilmenite - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:417684d55d2035ea7450 - Deposit or zone: COMBINED #### Resource Data - Category: inferred - Tonnes: 199000000 - Grade: 23 - Grade Unit: % in HM - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The combined Inferred ilmenite content contributes to the overall heavy mineral sands product suite, but requires further drilling to upgrade confidence. - Positive factor: Maiden resource estimate - Positive factor: Ilmenite is a valuable component of heavy mineral sands - Negative factor: Inferred category has lower geological confidence Evidence · table > 23 Context: 199 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### TOTAL [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-24) Rosewood · heavy mineral #### Identity - Project: Rosewood - Commodity: heavy mineral - Ticker: PTR #### Resource scope - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:a15944d55c38d2f1f2d3 - Deposit or zone: TOTAL #### Resource Data - Tonnes: 463000000 - Grade: 8.8 - Grade Unit: % - Contained Metal: 40.6 - Contained Unit: mt - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The total maiden Mineral Resource Estimate for Rosewood is a significant achievement, demonstrating a large, high-grade heavy mineral sands deposit with substantial contained metal. - Positive factor: Maiden resource estimate - Positive factor: Large tonnage and high grade for heavy mineral sands - Positive factor: Significant contained metal - Positive factor: JORC compliant Evidence · table > 8.8 Context: 463 #### Tags used in scoring **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### TOTAL [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-25) Rosewood · rutile #### Identity - Project: Rosewood - Commodity: rutile - Ticker: PTR #### Resource scope - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:a15944d55c38d2f1f2d3 - Deposit or zone: TOTAL #### Resource Data - Tonnes: 463000000 - Grade: 3.2 - Grade Unit: % in HM - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The total rutile content within the maiden MRE adds significant value to the Rosewood heavy mineral sands project. - Positive factor: Maiden resource estimate - Positive factor: Rutile is a valuable component of heavy mineral sands Evidence · table > 3.2 Context: 463 #### Tags used in scoring **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### TOTAL [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-26) Rosewood · leucoxene #### Identity - Project: Rosewood - Commodity: leucoxene - Ticker: PTR #### Resource scope - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:a15944d55c38d2f1f2d3 - Deposit or zone: TOTAL #### Resource Data - Tonnes: 463000000 - Grade: 75 - Grade Unit: % in HM - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The total leucoxene content within the maiden MRE further enhances the economic potential of the Rosewood heavy mineral sands project. - Positive factor: Maiden resource estimate - Positive factor: Leucoxene is a valuable component of heavy mineral sands Evidence · table > 75 Context: 463 #### Tags used in scoring **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### TOTAL [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-27) Rosewood · ilmenite #### Identity - Project: Rosewood - Commodity: ilmenite - Ticker: PTR #### Resource scope - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:a15944d55c38d2f1f2d3 - Deposit or zone: TOTAL #### Resource Data - Tonnes: 463000000 - Grade: 14 - Grade Unit: % in HM - Cutoff Grade: 3 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The total ilmenite content within the maiden MRE contributes to the overall heavy mineral sands product suite from the Rosewood project. - Positive factor: Maiden resource estimate - Positive factor: Ilmenite is a valuable component of heavy mineral sands Evidence · table > 14 Context: 463 #### Tags used in scoring **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-28) Rosewood · heavy mineral #### Identity - Project: Rosewood - Commodity: heavy mineral - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:79f511f3e166f4d4f0f1 - Deposit or zone: Rosewood East #### Resource Data - Category: indicated - Tonnes: 196000000 - Grade: 12.2 - Grade Unit: % - Contained Metal: 23.9 - Contained Unit: mt - Cutoff Grade: 5.5 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This high-grade Indicated resource for Rosewood East, at a higher cut-off, highlights the quality and confidence in the core of the deposit. - Positive factor: Maiden resource estimate - Positive factor: Very high grade for heavy mineral sands - Positive factor: Indicated category provides good confidence - Positive factor: JORC compliant Evidence · table > 12.2 Context: 196 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-29) Rosewood · rutile #### Identity - Project: Rosewood - Commodity: rutile - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:79f511f3e166f4d4f0f1 - Deposit or zone: Rosewood East #### Resource Data - Category: indicated - Tonnes: 196000000 - Grade: 4.1 - Grade Unit: % in HM - Cutoff Grade: 5.5 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The rutile content within the high-grade Indicated Rosewood East resource adds to the overall value proposition of the heavy mineral sands project. - Positive factor: Maiden resource estimate - Positive factor: Indicated category provides good confidence - Positive factor: Rutile is a valuable component of heavy mineral sands Evidence · table > 4.1 Context: 196 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-30) Rosewood · leucoxene #### Identity - Project: Rosewood - Commodity: leucoxene - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:79f511f3e166f4d4f0f1 - Deposit or zone: Rosewood East #### Resource Data - Category: indicated - Tonnes: 196000000 - Grade: 84 - Grade Unit: % in HM - Cutoff Grade: 5.5 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The leucoxene content within the high-grade Indicated Rosewood East resource further enhances the economic potential of the heavy mineral sands project. - Positive factor: Maiden resource estimate - Positive factor: Indicated category provides good confidence - Positive factor: Leucoxene is a valuable component of heavy mineral sands Evidence · table > 84 Context: 196 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-31) Rosewood · ilmenite #### Identity - Project: Rosewood - Commodity: ilmenite - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:79f511f3e166f4d4f0f1 - Deposit or zone: Rosewood East #### Resource Data - Category: indicated - Tonnes: 196000000 - Grade: 7 - Grade Unit: % in HM - Cutoff Grade: 5.5 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The ilmenite content within the high-grade Indicated Rosewood East resource contributes to the overall heavy mineral sands product suite. - Positive factor: Maiden resource estimate - Positive factor: Indicated category provides good confidence - Positive factor: Ilmenite is a valuable component of heavy mineral sands Evidence · table > 7 Context: 196 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-32) Rosewood · heavy mineral #### Identity - Project: Rosewood - Commodity: heavy mineral - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:867f019cd2287bd86662 - Deposit or zone: Rosewood East #### Resource Data - Category: inferred - Tonnes: 12000000 - Grade: 9.3 - Grade Unit: % - Contained Metal: 1.1 - Contained Unit: mt - Cutoff Grade: 5.5 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This Inferred portion of the Rosewood East resource, at a higher cut-off, adds to the overall tonnage, but with lower confidence than the Indicated category. - Positive factor: Maiden resource estimate - Positive factor: Good grade for heavy mineral sands - Positive factor: JORC compliant - Negative factor: Inferred category has lower geological confidence Evidence · table > 9.3 Context: 12 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-33) Rosewood · rutile #### Identity - Project: Rosewood - Commodity: rutile - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:867f019cd2287bd86662 - Deposit or zone: Rosewood East #### Resource Data - Category: inferred - Tonnes: 12000000 - Grade: 3.2 - Grade Unit: % in HM - Cutoff Grade: 5.5 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The rutile content in the Inferred Rosewood East resource, at a higher cut-off, contributes to the overall potential, but requires further drilling to upgrade confidence. - Positive factor: Maiden resource estimate - Positive factor: Rutile is a valuable component of heavy mineral sands - Negative factor: Inferred category has lower geological confidence Evidence · table > 3.2 Context: 12 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-34) Rosewood · leucoxene #### Identity - Project: Rosewood - Commodity: leucoxene - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:867f019cd2287bd86662 - Deposit or zone: Rosewood East #### Resource Data - Category: inferred - Tonnes: 12000000 - Grade: 70 - Grade Unit: % in HM - Cutoff Grade: 5.5 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The leucoxene content in the Inferred Rosewood East resource, at a higher cut-off, adds to the project's potential, but requires further drilling to upgrade confidence. - Positive factor: Maiden resource estimate - Positive factor: Leucoxene is a valuable component of heavy mineral sands - Negative factor: Inferred category has lower geological confidence Evidence · table > 70 Context: 12 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-35) Rosewood · ilmenite #### Identity - Project: Rosewood - Commodity: ilmenite - Ticker: PTR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:867f019cd2287bd86662 - Deposit or zone: Rosewood East #### Resource Data - Category: inferred - Tonnes: 12000000 - Grade: 19 - Grade Unit: % in HM - Cutoff Grade: 5.5 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The ilmenite content in the Inferred Rosewood East resource, at a higher cut-off, contributes to the overall heavy mineral sands product suite, but requires further drilling to upgrade confidence. - Positive factor: Maiden resource estimate - Positive factor: Ilmenite is a valuable component of heavy mineral sands - Negative factor: Inferred category has lower geological confidence Evidence · table > 19 Context: 12 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Rosewood East [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-36) Rosewood · heavy mineral #### Identity - Project: Rosewood - Commodity: heavy mineral - Ticker: PTR #### Resource scope - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:612ab5ae41903c3a3429 - Deposit or zone: Rosewood East #### Resource Data - Tonnes: 208000000 - Grade: 12.1 - Grade Unit: % - Contained Metal: 25 - Contained Unit: mt - Cutoff Grade: 5.5 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The total high-grade Rosewood East resource, at a higher cut-off, demonstrates the substantial and high-quality core of the deposit within the maiden MRE. - Positive factor: Maiden resource estimate - Positive factor: Very high grade for heavy mineral sands - Positive factor: Significant contained metal - Positive factor: JORC compliant Evidence · table > 12.1 Context: 208 #### Tags used in scoring **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### Rosewood East [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-37) Rosewood · rutile #### Identity - Project: Rosewood - Commodity: rutile - Ticker: PTR #### Resource scope - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:612ab5ae41903c3a3429 - Deposit or zone: Rosewood East #### Resource Data - Tonnes: 208000000 - Grade: 4 - Grade Unit: % in HM - Cutoff Grade: 5.5 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The total rutile content within the high-grade Rosewood East resource adds significant value to the heavy mineral sands project. - Positive factor: Maiden resource estimate - Positive factor: Rutile is a valuable component of heavy mineral sands Evidence · table > 4.0 Context: 208 #### Tags used in scoring **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Rosewood East [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-38) Rosewood · leucoxene #### Identity - Project: Rosewood - Commodity: leucoxene - Ticker: PTR #### Resource scope - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:612ab5ae41903c3a3429 - Deposit or zone: Rosewood East #### Resource Data - Tonnes: 208000000 - Grade: 84 - Grade Unit: % in HM - Cutoff Grade: 5.5 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The total leucoxene content within the high-grade Rosewood East resource further enhances the economic potential of the heavy mineral sands project. - Positive factor: Maiden resource estimate - Positive factor: Leucoxene is a valuable component of heavy mineral sands Evidence · table > 84 Context: 208 #### Tags used in scoring **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Rosewood East [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-39) Rosewood · ilmenite #### Identity - Project: Rosewood - Commodity: ilmenite - Ticker: PTR #### Resource scope - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:612ab5ae41903c3a3429 - Deposit or zone: Rosewood East #### Resource Data - Tonnes: 208000000 - Grade: 8 - Grade Unit: % in HM - Cutoff Grade: 5.5 - Cutoff Unit: % HM #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The total ilmenite content within the high-grade Rosewood East resource contributes to the overall heavy mineral sands product suite from the project. - Positive factor: Maiden resource estimate - Positive factor: Ilmenite is a valuable component of heavy mineral sands Evidence · table > 8 Context: 208 #### Tags used in scoring **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 41 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-88) #### Identity - Ticker: PTR #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: A successful $12 million placement provides crucial funding to advance the Rosewood project and broader Muckanippie exploration, demonstrating investor confidence. - Positive factor: Significant capital raised - Positive factor: Provides funding for project advancement - Positive factor: Placement at a reasonable price Evidence · text > $12 million placement at $0.25 per share #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 42 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-resource-facts-89) Muckanippie Project #### Identity - Project: Muckanippie Project - Ticker: PTR #### Resource scope - Resource group id: resource:67fe8852ed96ae27b457 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: Earning a 70% interest in EL 6715 secures PTR's position in a key tenement hosting multiple prospects, including a portion of Rosewood, through a joint venture with Narryer Metals. - Positive factor: Increased ownership in key tenement - Positive factor: Secures interest in multiple prospects - Positive factor: Joint venture with experienced partner Evidence · text > earning a 70% interest in EL 6715, which hosts the western portion of Rosewood together with the Echo, Duke, Nardoo and Claypan prospects. PTR manages the resulting joint venture with Narryer Metals Limited, which retains a 30% interest. #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ## Metallurgical Results (5) ### wet separation [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-metallurgical-facts-40) Rosewood · heavy mineral #### Identity - Project: Rosewood - Commodity: heavy mineral - Ticker: PTR #### Test Work - Program Status: detailed - Test Type: wet separation - Processing Route: conventional wet separation #### Recovery - Recovery: 91 % - Recovery Basis: actual\_test - Conc. Grade: 90.8 - Conc. Grade Unit: % HM #### Lab - Laboratory: IHC Mining #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: Metallurgical testwork confirmed high recovery of heavy minerals using conventional wet separation, producing a high-quality concentrate, which is a significant de-risking step for the project. - Positive factor: High recovery for heavy minerals - Positive factor: Conventional processing route confirmed - Positive factor: High-quality concentrate produced - Positive factor: Detailed testwork provides confidence Evidence · text > recovering more than 91% of the HM into a high-quality concentrate containing 90.8% HM ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-metallurgical-facts-41) Rosewood · titanium dioxide #### Identity - Project: Rosewood - Commodity: titanium dioxide - Ticker: PTR #### Test Work - Sample: five titanium-rich product streams #### Recovery - Conc. Grade: 55.4 - Conc. Grade Unit: % TiO2 #### Lab - Laboratory: IHC Mining #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: Preliminary mineral separation testwork successfully produced multiple titanium-rich product streams with good grades, indicating potential for diverse end-products. - Positive factor: Production of multiple titanium-rich product streams - Positive factor: Good concentrate grade for titanium dioxide Evidence · text > five titanium-rich product streams grading between 55.4% and 84.2% TiO₂ ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-metallurgical-facts-42) Rosewood · titanium dioxide #### Identity - Project: Rosewood - Commodity: titanium dioxide - Ticker: PTR #### Test Work - Sample: five titanium-rich product streams #### Recovery - Conc. Grade: 84.2 - Conc. Grade Unit: % TiO2 #### Lab - Laboratory: IHC Mining #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: Preliminary mineral separation testwork successfully produced multiple titanium-rich product streams, with the highest grade reaching 84.2% TiO2, indicating high-quality potential. - Positive factor: Production of multiple titanium-rich product streams - Positive factor: Very high concentrate grade for titanium dioxide Evidence · text > five titanium-rich product streams grading between 55.4% and 84.2% TiO₂ ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-metallurgical-facts-43) Rosewood · titanium dioxide #### Identity - Project: Rosewood - Commodity: titanium dioxide - Ticker: PTR #### Test Work - Sample: five titanium-rich product streams #### Recovery - Conc. Grade: 67 - Conc. Grade Unit: % TiO2 #### Lab - Laboratory: IHC Mining #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: Preliminary mineral separation testwork successfully produced multiple titanium-rich product streams with a strong average yield of 67% TiO2, indicating good product quality. - Positive factor: Production of multiple titanium-rich product streams - Positive factor: Good average concentrate grade for titanium dioxide Evidence · text > average product yield of 67% TiO2 ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/ptr-annual-report-to-shareholders--8780c755-e2f4-49c6-bc8f-1ef3a9a57318#fact-metallurgical-facts-44) Rosewood East · heavy mineral #### Identity - Project: Rosewood East - Commodity: heavy mineral - Ticker: PTR #### Test Work - Program Status: detailed - Sample: second bulk sample \(RM04\) from the Rosewood East area #### Recovery - Head Grade: 13 - Head Grade Unit: % HM #### Lab - Laboratory: Mineral Technologies #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: A second bulk sample from Rosewood East confirmed a very high head grade, supporting ongoing detailed metallurgical and plant design studies. - Positive factor: High head grade confirmed for bulk sample - Positive factor: Sample is representative of the mineralization - Positive factor: Advanced testwork initiated Evidence · text > overall grade of this second bulk sample has been determined to be 13% HM ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.